Cubist Systematic Strategies LLC Boosts Stake in Trinity Industries, Inc. (TRN)

Cubist Systematic Strategies LLC raised its stake in Trinity Industries, Inc. (NYSE:TRN) by 366.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,560 shares of the transportation company’s stock after acquiring an additional 9,865 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in Trinity Industries were worth $352,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. CENTRAL TRUST Co lifted its stake in Trinity Industries by 1.3% in the second quarter. CENTRAL TRUST Co now owns 12,721 shares of the transportation company’s stock valued at $357,000 after buying an additional 161 shares in the last quarter. Stephens Inc. AR lifted its stake in Trinity Industries by 3.0% in the second quarter. Stephens Inc. AR now owns 9,683 shares of the transportation company’s stock valued at $271,000 after buying an additional 279 shares in the last quarter. American Asset Management Inc. lifted its stake in Trinity Industries by 3.4% in the second quarter. American Asset Management Inc. now owns 9,397 shares of the transportation company’s stock valued at $263,000 after buying an additional 310 shares in the last quarter. Alpha Windward LLC lifted its stake in Trinity Industries by 2.2% in the second quarter. Alpha Windward LLC now owns 16,980 shares of the transportation company’s stock valued at $476,000 after buying an additional 360 shares in the last quarter. Finally, Utah Retirement Systems lifted its stake in Trinity Industries by 1.5% in the second quarter. Utah Retirement Systems now owns 27,528 shares of the transportation company’s stock valued at $771,000 after buying an additional 400 shares in the last quarter. Institutional investors own 80.26% of the company’s stock.

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In other news, major shareholder Valueact Capital Master Fund, acquired 25,950 shares of the business’s stock in a transaction that occurred on Wednesday, November 8th. The stock was acquired at an average price of $31.99 per share, with a total value of $830,140.50. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Holdings L.P. Valueact acquired 300,000 shares of the business’s stock in a transaction that occurred on Thursday, October 26th. The shares were purchased at an average cost of $31.45 per share, with a total value of $9,435,000.00. The disclosure for this purchase can be found here. Insiders purchased 2,258,333 shares of company stock worth $67,928,765 over the last 90 days. 2.00% of the stock is currently owned by corporate insiders.

A number of analysts have recently commented on the stock. Axiom Securities reissued a “sell” rating on shares of Trinity Industries in a research report on Wednesday, July 26th. Citigroup Inc. raised shares of Trinity Industries from a “neutral” rating to a “buy” rating and cut their price objective for the stock from $45.00 to $36.00 in a research report on Friday, September 29th. Zacks Investment Research lowered shares of Trinity Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, October 18th. Susquehanna Bancshares Inc raised shares of Trinity Industries from a “neutral” rating to a “positive” rating in a research report on Monday, November 6th. Finally, ValuEngine downgraded shares of Trinity Industries from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $34.13.

Trinity Industries, Inc. (NYSE:TRN) traded up $0.27 during trading hours on Friday, hitting $32.58. 1,271,100 shares of the company’s stock traded hands, compared to its average volume of 1,283,931. Trinity Industries, Inc. has a 12-month low of $25.01 and a 12-month high of $35.97. The firm has a market capitalization of $4,904.13, a P/E ratio of 21.54, a P/E/G ratio of 2.17 and a beta of 2.25. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.62 and a current ratio of 3.70.

Trinity Industries (NYSE:TRN) last released its quarterly earnings results on Wednesday, October 25th. The transportation company reported $0.43 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.11. Trinity Industries had a net margin of 5.97% and a return on equity of 5.32%. The business had revenue of $973.60 million for the quarter, compared to the consensus estimate of $951.60 million. During the same period in the prior year, the company posted $0.55 earnings per share. Trinity Industries’s revenue was down 12.4% compared to the same quarter last year. equities research analysts expect that Trinity Industries, Inc. will post 1.49 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 31st. Investors of record on Friday, October 13th were paid a $0.13 dividend. The ex-dividend date was Thursday, October 12th. This represents a $0.52 annualized dividend and a dividend yield of 1.60%. Trinity Industries’s dividend payout ratio (DPR) is presently 34.67%.

About Trinity Industries

Trinity Industries, Inc is a diversified industrial company that owns businesses providing products and services to the energy, chemical, agriculture, transportation and construction sectors. The Company’s products and services include railcars and railcar parts; parts and steel components; the leasing, management and maintenance of railcars; highway products; construction aggregates; inland barges; structural wind towers; steel utility structures; storage and distribution containers, and trench shields and shoring products.

Institutional Ownership by Quarter for Trinity Industries (NYSE:TRN)

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